Tulsa-based Laredo Petroleum, Midland Basin pure-play, said Feb. 22 it plans to maintain capital discipline in 2022 with flat activity compared to last year.  Expected capital expense is $520 million.  Laredo said oil production in 2022 will be flat with 2021Q4 (full-year oil production growth of 24-to-36 percent).  Average lateral length of wells in 2022 […]

Houston-based Western Midstream Partners, with assets in Delaware Basin in Texas and New Mexico and in four other states, said Feb. 23 it expects throughout to continue to grow in 2022.  “We expect strong producer activity levels to continue in the Delaware Basin leading to increased throughput during 2022,” Michael Ure, president and CEO, said.  […]

Dallas-based Petro-Hunt Permian said March 9 it completed an acquisition from Admiral Permian Resources of oil and gas production and leasehold in Culberson and Reeves counties in Delaware Basin.  Current gross operated production from these assets is about 7,000 b/d of oil and 100 million cfd of natural gas on 21,430 net acres.  Petro-Hunt said […]

Drilling rig counts in Permian Basin, Texas and U.S. posted sizable gains in the past week, according to Baker Hughes, amid reports from CERAWeek in Houston March 7-11 that federal officials are calling for more energy production and industry officials are saying supply chain problems could limit production.  As of March 11, there were 316 […]

Houston-based APA Corp., holding company for Apache Corp., said Monday it closed on two transactions generating net proceeds of more than $1 billion.  APA subsidiaries completed a sale March 7 of Delaware Basin mineral interests to undisclosed buyer with estimated production of 7,000 boed for $805 million, and March 11 an APA subsidiary completed sale […]

Oil production in Permian Basin is forecast to reach a record 5.208 million barrels per day in April by U.S. Energy Information Administration.  EIA said in its drilling productivity report March 14 that Permian Basin will produce an additional 70,000 b/d in April after 5.138 million b/d in March.  U.S. production for seven major regions […]

Houston-based Coterra Energy said last month it is drilling the largest 3-mile Wolfcamp development in the Delaware Basin.  Enverus reported that Coterra’s 14-well Prewit-Justify/Authentic development (50 percent working interest) will have laterals averaging 15,750 feet and utilize 8-well-per-section spacing.  Coterra predecessor Cimarex Energy reportedly completed only one Permian lateral of more than 15,000 feet (seven […]

Doug Ackerman, CEO of the Dairy Alliance that promotes the nation’s dairy industry, has been named president and CEO of the New Mexico Oil and Gas Association.  NMOGA said March 1 that Ackerman will assume his new role immediately to replace interim president and CEO Leland Gould, who began serving in March 2021 after the […]

Incumbent commissioner Wayne Christian, chairman of the Railroad Commission of Texas, will face oil and gas attorney Sarah Stogner in a runoff election in the Republican primary May 24.  In the March 1 primary, Christian received 47 percent of votes to fall short of the 50 percent needed to gain the party’s nomination for a […]